proceeds

proceeds
That which is received for something, whether in cash or other thing of value. Phelps v Harris (US) 11 Otto 370, 380, 25 L Ed 855, 858. The term as used in a statute requiring labor claims to be first paid out of the "proceeds of sale" of property of an insolvent means, in case of a receivership, what remains after payment of the costs and expenses of the receivership necessary to the carrying out of the trust by the receiver as the hand of the court. Sloan & Z. Co. v Lyons Ref. Co. 290 Pa 442, 139 A 133, 55 ALR 275. As used in a will or other trust instrument the term, used alone, is generally regarded as equivocal, meaning either (1) the income, product or profits from property, or (2) the fund arising upon the sale of property; its meaning in the particular case is to be determined primarily from the context of the instrument in which it is used and the subject matter to which it is applied. Anno: 1 ALR2d 194.

Ballentine's law dictionary. . 1998.

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  • proceeds — pro·ceeds / prō ˌsēdz/ n pl 1: money or other property received as the result of a sale or other transaction esp. involving collateral retain a security interest in the proceeds of collateral 2: money received from an insurance policy Merriam… …   Law dictionary

  • Proceeds — Pro ceeds, n. pl. That which comes forth or results; effect; yield; issue; product; sum accruing from a sale, etc. [1913 Webster] …   The Collaborative International Dictionary of English

  • proceeds — [prō′sēdz΄] pl.n. the money or profit derived from a sale, business venture, etc. * * * …   Universalium

  • proceeds — [n] earnings from business gain, gate, handle, income, interest, lucre, produce, product, profit, receipts, result, returns, revenue, reward, split, take, takings, till, yield; concept 344 Ant. loss …   New thesaurus

  • proceeds — ► PLURAL NOUN ▪ money obtained from an event or activity …   English terms dictionary

  • proceeds — [prō′sēdz΄] pl.n. the money or profit derived from a sale, business venture, etc …   English World dictionary

  • proceeds — Money or property received when collateral is sold, exchanged, or collected. American Banker Glossary money received by the seller of an asset. Bloomberg Financial Dictionary * * * proceeds pro‧ceeds [ˈprəʊsiːdz ǁ ˈproʊ ] noun [plural] 1. FINANCE …   Financial and business terms

  • proceeds — noun ADJECTIVE ▪ total ▪ gross ▪ net ▪ sale VERB + PROCEEDS ▪ use …   Collocations dictionary

  • proceeds — Issues; income; yield; receipts; produce; money or articles or other thing of value arising or obtained by the sale of property; the sum, amount, or value of property sold or converted into money or into other property. Proceeds does not… …   Black's law dictionary

  • proceeds — n. profit 1) net proceeds 2) proceeds from (proceeds from the sale of surplus property) * * * [ prəʊsiːdz] [ profit ] net proceeds proceeds from (proceeds from the sale of surplus property) …   Combinatory dictionary

  • proceeds — pro|ceeds [ˈprəusi:dz US ˈprou ] n [plural] formal the money that is obtained from doing something or selling something ▪ We sold the business and bought a villa in Spain with the proceeds. proceeds of/from ▪ The proceeds of the concert will go… …   Dictionary of contemporary English

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